Advisors Capital Management LLC Has $26.82 Million Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• Advisors Capital Management LLC increased its holdings in Starwood Property Trust by 4.4% in Q1, owning over $26 million and approximately 1.36 million shares.
• Starwood Property Trust reported a quarterly EPS of $0.43, exceeding analyst expectations, but its revenue decreased by 9.3% year-over-year to $444.28 million.
• The company has declared a quarterly dividend of $0.48 per share, representing an annual yield of 9.3%, with a payout ratio of 176.15%.

Advisors Capital Management LLC grew its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,356,714 shares of the real estate investment trust's stock after buying an additional 57,638 shares during the quarter. Advisors Capital Management LLC owned 0.40% of Starwood Property Trust worth $26,822,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Starwood Property Trust in the 1st quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust in the 1st quarter worth about $25,000. PSI Advisors LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth about $28,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on STWD. Wall Street Zen raised shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group upped their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

Starwood Property Trust Stock Up 0.4%

Shares of NYSE:STWD opened at $20.70 on Thursday. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The company's 50-day moving average price is $20.14 and its two-hundred day moving average price is $19.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7.60 billion, a P/E ratio of 18.99 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company's revenue was down 9.3% on a year-over-year basis. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.3%. Starwood Property Trust's dividend payout ratio is currently 176.15%.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.

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